XARCO
ActiveSummary
XARCO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €219,198 and a net result of €94,240. Equity is growing by ~8.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-13
Solvency71▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.0 in 2024; short-term debt: 27.6% and cash: 0% of total assets), and 54.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.6%
Return on assets
19.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
58 d early
2024
8 d late
2023
28 d late
2022
28 d late
2021
29 d late
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€94,240▼ 11.1%
2024 · €105,951
Working capital
-€78,526▼ 4.3%
2024 · -€75,266
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,148▼ 6.4%-€11,305▼ 173%-€11,367▼ 0.5%-€634▲ 94.4%-€707▼ 11.7%
Net result€173,131€66,475▼ 61.6%€87,324▲ 31.4%€105,951▲ 21.3%€94,240▼ 11.1%
Equity€294,708▲ 142%€239,183▼ 18.8%€226,507▼ 5.3%€222,458▼ 1.8%€219,198▼ 1.5%
Total assets€510,582▲ 1.1%€450,079▼ 11.8%€480,194▲ 6.7%€426,525▼ 11.2%€480,304▲ 12.6%
Debt€215,873▼ 43.7%€210,896▼ 2.3%€253,687▲ 20.3%€204,067▼ 19.6%€261,105▲ 28.0%
Working capital€68,388€12,863▼ 81.2%€207▼ 98.4%-€75,266-€78,526▼ 4.3%
Staff (FTE)
Why a figure moved sharply
- 2022 Net result -62% on 2021. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €707 in 2025 against €634 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €480,304
Fixed assets
€426,300 =
Current assets
€54,004 ▲ 23,858%
Equity and liabilities €480,304
Equity
€219,198 ▼ 1.5%
Debt
€261,105 ▲ 28.0%
Debt's share of the balance-sheet total rises from 47.8% to 54.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.41▲
2024 · 0.00
Debt to equity
1.19▲
2024 · 0.92
ROE
43.0%▼
2024 · 47.6%
ROA
19.6%▼
2024 · 24.8%
Debt ≤ 1 year
€132,529▲
2024 · €75,491
Debt > 1 year
€128,576=
2024 · €128,576
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9,497 | €9,760 | €9,211 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €588 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €707 | - |
| Gross operating margin9900 | €5,936 | -€1,545 | -€2,156 | -€634 | - | - |
| Operating profit (loss)9901 | -€4,148 | -€11,305 | -€11,367 | -€634 | -€707 | ▼ 11.7% |
| Financial income75/76B | €179,542 | €80,000 | €98,857 | €107,800 | €97,503 | ▼ 9.6% |
| Recurring financial income75 | €179,542 | €80,000 | €98,857 | €107,800 | €97,503 | ▼ 9.6% |
| Financial charges65/66B | €562 | €219 | €165 | €1,216 | €2,556 | ▲ 110% |
| Recurring financial charges65 | €562 | €219 | €165 | €1,216 | €2,556 | ▲ 110% |
| Profit (loss) for the period before taxes9903 | €174,831 | €68,476 | €87,324 | €105,951 | €94,240 | ▼ 11.1% |
| Income taxes67/77 | €1,700 | €2,001 | - | - | - | - |
| Profit (loss) for the period9904 | €173,131 | €66,475 | €87,324 | €105,951 | €94,240 | ▼ 11.1% |
| Profit (loss) for the period to be appropriated9905 | €173,131 | €66,475 | €87,324 | €105,951 | €94,240 | ▼ 11.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €510,582 | €450,079 | €480,194 | €426,525 | €480,304 | ▲ 12.6% |
| Fixed assets21/28 | €426,320 | €426,320 | €426,300 | €426,300 | €426,300 | = |
| Financial fixed assets28 | €426,320 | €426,320 | €426,300 | €426,300 | €426,300 | = |
| Current assets29/58 | €84,261 | €23,758 | €53,894 | €225 | €54,004 | ▲ 23,858% |
| Amounts receivable within one year40/41 | €82,632 | €20,858 | €53,719 | - | €54,000 | - |
| Other amounts receivable41 | €82,632 | €20,858 | €53,719 | - | €54,000 | - |
| Cash at bank and in hand54/58 | €1,498 | €2,901 | €175 | €225 | €4 | ▼ 98.4% |
| Deferred charges and accrued income490/1 | €131 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €510,582 | €450,079 | €480,194 | €426,525 | €480,304 | ▲ 12.6% |
| Equity10/15 | €294,708 | €239,183 | €226,507 | €222,458 | €219,198 | ▼ 1.5% |
| Contributions10/11 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Reserves13 | €5,794 | €5,794 | €5,794 | €5,794 | €5,794 | = |
| Non-distributable reserves130/1 | €5,794 | €5,794 | €5,794 | €5,794 | €5,794 | = |
| Reserves not available under the articles1311 | €5,794 | €5,794 | €5,794 | €5,794 | €5,794 | = |
| Profit (loss) carried forward14 | €208,914 | €153,389 | €140,713 | €136,664 | €133,404 | ▼ 2.4% |
| Amounts payable17/49 | €215,873 | €210,896 | €253,687 | €204,067 | €261,105 | ▲ 28.0% |
| Amounts payable after more than one year17 | €200,000 | €200,000 | €200,000 | €128,576 | €128,576 | = |
| Financial debts170/4 | €200,000 | €200,000 | €200,000 | €128,576 | €128,576 | = |
| Amounts payable within one year42/48 | €15,873 | €10,896 | €53,687 | €75,491 | €132,529 | ▲ 75.6% |
| Current portion of amounts payable after more than one year42 | €14,505 | - | - | - | - | - |
| Trade debts44 | €694 | €463 | €175 | €175 | €175 | = |
| Suppliers440/4 | €694 | €463 | €175 | €175 | €175 | = |
| Taxes, remuneration and social security45 | €675 | €10,433 | €14,400 | €12,766 | €691 | ▼ 94.6% |
| Taxes450/3 | - | €9,150 | €14,400 | €12,766 | €691 | ▼ 94.6% |
| Remuneration and social security454/9 | €675 | €1,283 | - | - | - | - |
| Other amounts payable47/48 | - | - | €39,111 | €62,550 | €131,663 | ▲ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €173,131 | €66,475 | €87,324 | €105,951 | €94,240 | ▼ 11.1% |
| + Depreciation and write-downs630 | €588 | - | - | - | - | - |
| Operating cash flow (approximation) | €173,718 | €66,475 | €87,324 | €105,951 | €94,240 | ▼ 11.1% |
| Investment in fixed assets (approximation) | - | €0 | €20 | €0 | €0 | - |
| Change in cash | - | €1,402 | -€2,726 | €50 | -€222 | ▼ 540% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 8 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €173,131
Net result €173,131 after one loss-making year.
31-12
Financial
Liquidity times 11current ratio 5.31
Current ratio from 0.46 to 5.31; short-term debt falls from €168,810 to €15,873.
31-12
Financial
Equity above €200,000Eq €294,708 ▲142%
Equity rises from €121,577 to €294,708.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€5,301
Net result drops to -€5,301, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Equity above €100,000Eq €126,878 ▲50.4%
2 profitable years in a row build equity to €126,878.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 85 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2016
Ground area
7.6 ha
Building footprint
3.8 ha
Volume, LiDAR
412,470 m³
2 parcels, Wallonia · tallest building 22.7 m, ±7 floors. Linked by address, not a title deed.
128
companies at this address
See who is registered here
1 establishment unit
Rue de la Belle-Jardinière 382, 4031 Liège
since 20162.282.275.881
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806C0923/00B002 | Wallonia | 6.3 ha | 1 · 3.8 ha | 22.7 m · 3 fl. |
| 62002C0509/00E000 | Wallonia | 1.3 ha | 1 · 322 m² | 22.4 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- FAL-OR
- XARCO
Highest known parent: FAL-OR. The sources do not say who stands above it.
Owners 1
- FAL-ORparentSourceaccounts FAL-OR 202580%
Holdings 1
- L'ARCHE D'ORsubsidiaryEquity €503,575Result €113,113100%
According to the 2025 annual accounts of XARCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-09-2016
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.